Top Indian Banking Industry News & Updates - 08 Sep 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: RBI official
📝  Mahavir Lunawat elected as Chairman of AIBI
📝  Public tech platform a game changer: RBI Official
📝  Global Fintech Fest 2023: Fintech is cornerstone of an evolved India, says Dr Bhagwat Kishanrao Karad
📝  Need robust management of risk: RBI Deputy Governor M Rajeshwar Rao
📝  Retail CBDC transactions to rise exponentially: RBI Deputy Governor
📝  Build-up of excessive leverage consequence of excessive expansion of credit: RBI Deputy Governor
📝  RBI may extend I-CRR prescription on deposits for a few weeks
📝  RBI resisted govt push for ₹3 lakh crore transfer in 2018 ahead of elections: Viral Acharya
📝  RBI Governor Das asks fintech to focus on customer centricity, self-regulation
Read More >>

🏦 PSB / Pvt Banks

📝  Stepping down as the Executive Chairman of HDFC at the age of 65 was the most difficult decision: Deepak Parekh
📝  AU Small Finance Bank aims to reach 10 lakh cards-in-force by year-end: MD
📝  Karnataka Bank to focus on collaborations with fintechs: MD
📝  Tax officials to inform banks on expiry of attachment order
📝  ICICI Bank-I-Sec merger faces opposition minority shareholders
📝  Personal loans log record 32% growth after HDFC merger
📝  Indian banks not ready to confront climate change risks, says report
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  HSBC India launches 'ONDC in a box'
📝  360 One WAM, earlier known as IIFL Wealth & Asset Management, goes global; forms a new team
📝  JPMorgan: India's ‘trailblazing’ rules set to boost ESG market
Read More >>

🏦 Development Banks

📝  Chinese banks 'far less digital' than Indian lenders, says KV Kamath
📝  Ready to play our part in MDB reforms: ADB President Masatsugu Asakawa
Read More >>

💳 ATMs / Credit Cards

📝  SBI unveils ‘nation first transit card’
📝  Thomas Cook India & NPCI to launch RuPay Forex Card; start with UAE pilot
📝  UPI ATM unveiled! Your ultimate guide on how to withdraw cash from UPI ATM – details here
📝  Union Bank of India launches Rupay debit cards for Women and HNIs
Read More >>

🗎 NBFCs / FIs / MFI

📝  Japanese companies are increasingly looking at India as their China+1 partner: Daiwa CEO
Read More >>

UPIs / Wallet / FinTech

📝  Hello, UPI: Use voice commands to send money, pay bills; know new UPI features and how they work
📝  Razorpay eye international expansion, IPO a 2-3 year horizon: Mathur
📝  FinTechs taking banking to remote areas, says Karad
📝   Airtel Payments Bank to enable face authentication for digital account opening
📝  India's first UPI-enabled cash withdrawals promise convenience, know how it works
📝  NPCI introduces innovative UPI payment options, including voice-enabled payments; know how it works
Read More >>

🧔 Brokers / Distributors

📝  Some investors may oppose ICICI's bid to delist broking arm
Read More >>

Crypto

📝  Blanket bans on crypto can be technically demanding to enforce, warns IMF and FSB report
📝  IMF-FSB paper calls for crypto regulation, not ban
📝  Bitcoin holds above $25,700; Tron, Polygon rise up to 2%
Read More >>

🗠 Mutual Funds / AMCs

📝  After Nikhil Kamath, SBI Mutual Fund to invest Rs 410 crore in Nazara Technologies
📝  Mutual Funds: Zerodha-rival Groww Mutual Fund gets Sebi nod for its first new fund offer. Details here
📝  360 ONE launches global platform for offshore wealth and investment advisory, appoints Vikram Malhotra as co-founder & CEO
📝  Why ICICI Prudential AMC’s Anand Shah shifted focus from consumer to manufacturing stocks
📝  DSP Mutual Fund launches DSP Multi Asset Allocation Fund
📝  Quantum Mutual Fund files draft for small cap fund
📝   DSP Mutual Fund launches DSP Multi Asset Allocation Fund. Five things to know
📝  Nazara Tech raises ₹410 crore from SBI Mutual Fund
📝  MFs move RBI for increase in overseas investment limit
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  PE, VC funds form shadow panels amid rules delay
Read More >>

🗎 Govt. Securities / Bonds

📝  India bond yield falls on Euroclear settlement talks
📝  SBI plans to raise $750 million via overseas bond issues
Read More >>

✈ International

📝  Potential UAW strike presents a near-term headwind for auto insurers - JPM
Read More >>


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